NVIDIA Co. (NASDAQ:NVDA) Shares Sold by JCIC Asset Management Inc.

JCIC Asset Management Inc. cut its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503 shares of the computer hardware maker’s stock after selling 75 shares during the period. JCIC Asset Management Inc.’s holdings in NVIDIA were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GoalVest Advisory LLC increased its stake in NVIDIA by 124.1% during the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after purchasing an additional 108 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after purchasing an additional 179 shares during the last quarter. FSC Wealth Advisors LLC increased its stake in NVIDIA by 313.6% during the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 207 shares during the last quarter. Paragon Wealth Strategies LLC bought a new stake in NVIDIA during the third quarter valued at $36,000. Finally, Lumature Wealth Partners LLC increased its stake in NVIDIA by 396.8% during the third quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker’s stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Stevens sold 120,000 shares of the company’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $158.84, for a total value of $19,060,800.00. Following the transaction, the director now owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark A. Stevens sold 60,000 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $165.09, for a total value of $9,905,400.00. Following the transaction, the director now owns 2,250,193 shares in the company, valued at $371,484,362.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 120,000 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $158.84, for a total value of $19,060,800.00. Following the completion of the transaction, the director now owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The disclosure for this sale can be found here. Insiders have sold 293,066 shares of company stock worth $51,229,679 in the last 90 days. Company insiders own 4.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of NVIDIA from $150.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Wells Fargo & Company upped their price target on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Morgan Stanley upgraded shares of NVIDIA from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $255.00 to $304.00 in a research report on Thursday. KeyCorp upped their price target on shares of NVIDIA from $220.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, February 17th. Finally, Cowen upped their price target on shares of NVIDIA from $200.00 to $220.00 in a research report on Monday, December 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.32.

NVIDIA Price Performance

NVDA stock opened at $257.25 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. NVIDIA Co. has a one year low of $108.13 and a one year high of $289.46. The firm has a market capitalization of $635.41 billion, a PE ratio of 147.84, a P/E/G ratio of 4.27 and a beta of 1.76. The firm has a 50-day moving average of $210.84 and a two-hundred day moving average of $166.91.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.02 billion. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. On average, analysts forecast that NVIDIA Co. will post 3.21 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. NVIDIA’s dividend payout ratio is 9.20%.

NVIDIA Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.